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The Three Cent Silver coin minted in 1858 is a significant artifact of American numismatic history. It was introduced to fulfill the need for a small-denomination coin for purchasing postage stamps, which were valued at three cents at the time. The 1858 issue is part of the series that played a crucial role in facilitating commerce and trade during the mid-19th century.
Designed by James B. Longacre, the Chief Engraver of the United States Mint, the Three Cent Silver coin boasts a simple yet elegant design. The obverse features a portrayal of Liberty wearing a coronet inscribed with the word "Liberty." Thirteen stars encircle the central motif, symbolizing the original Thirteen Colonies. The reverse of the coin showcases the Roman numeral III encircled by a wreath of laurel leaves, signifying victory and honor. Above the numeral is the inscription "United States of America," while below it is the denomination "Three Cents."
This specific Three Cent Silver coin is graded as Very Good, indicating that it has experienced significant circulation and wear, but still retains some detail. Coins in Very Good condition typically display considerable wear, with most of the design features worn flat and some details nearly indistinguishable. Despite the wear, the major design elements such as the portrait of Liberty and the Roman numeral III should still be discernible.
During the mid-19th century, coins like the Three Cent Silver were not packaged in any special manner for distribution. Instead, they were circulated alongside other denominations in everyday transactions. As a small-denomination coin, the Three Cent Silver was particularly useful for purchasing postage stamps and other goods and services.
The primary mint responsible for the production of the 1858 Three Cent Silver coin was the Philadelphia Mint, the main mint facility of the United States during this period. Mintages for the 1858 issue were relatively high compared to later years of production, reflecting the ongoing demand for small-denomination coins during the mid-19th century.
Exact mintage figures for the 1858 Three Cent Silver coin vary depending on the source, but they are generally higher compared to subsequent years of production. The majority of these coins were struck at the Philadelphia Mint, with smaller numbers minted at the New Orleans Mint and the San Francisco Mint. Despite their higher mintage, examples in Very Good condition remain sought after by collectors due to their historical significance.
In summary, the 1858 Three Cent Silver coin in Very Good condition is a valuable piece of American history. Its elegant design and significant role in facilitating commerce and trade during the mid-19th century make it a sought-after collectible among numismatists. Whether as a standalone piece or as part of a larger collection, the Three Cent Silver coin offers a fascinating glimpse into the economic and cultural landscape of its time.